Paramo increased its loss in 2000
Article Abstract:
Paramo (Pardubice, Czech Republic), oil refinery, saw a loss of CEK 427.35 mil in 2000 compared to a loss of CEK 62 mil in 1999. The 2000 loss was influenced mainly by rectifying items and reserves. Paramo's proceeds totalled CEK 6.46 bil in 2000 compared to CEK 4.6 bil in 1999. The proceeds growth was influenced by an increase in oil prices. The firm saw a gross profit of CEK 219 mil and proceeds of over CEK 4 bil in 1998. Paramo has been a part of the holding petrochemical company Unipetrol (Czech Republic) since the end of 2000. Unipetrol bought a 70.87% stake in Paramo from the National Property Fund for CEK 141.4 mil.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
Paramo Pardubice expects a profit
Article Abstract:
Paramo (Pardubice, Czech Republic), oil refining company, expects a gross profit up to CEK 50 mil in 2001. This results from the business project that was agreed by Paramo's general assembly in the middle of Apr 2001. Paramo's profit could increase to nearly CEK 200 mil by 2003. The firm saw a gross profit of CEK 430 mil in 2000 compared to CEK 62 mil in 1999. Paramo is a part of the holding petrochemical company Unipetrol (Czech Republic).
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
Paramo wants to get out of losses
Article Abstract:
Paramo (Pardubice, Czech Republic), oil refinery, expects a gross profit of about CEK 54 mil under proceeds of CEK 5.7 bil in 2001. The firm saw a loss of over CEK 427 mil in 2000 compared to a loss of CEK 62 mil in 1999. Its proceeds totalled CEK 6.46 bil in 2000 compared to CEK 4.596 bil in 1999. Paramo has been a part of the holding petrochemical company Unipetrol (Czech Republic) since the end of 2000.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Taxman reviews its tablets of stone. Ways to deter an unwanted guest. Pension off the taxman
- Abstracts: The promised land? Set the rules before you play. EIS offers extend tax savings
- Abstracts: Jiffy Photo. M & A Photo Video caters to the pros. The Focus Centre
- Abstracts: Torex: smart move. CMG clocks on to the millenium. Dimension Data
- Abstracts: Weinberg disgrace. Fines to hit tardy investors hard